Pacific Investment Management Company

PIMCO is one of the largest specialty fixed income managers in the world, with more than $667 billion in assets under management and more than 850 employees in offices in Newport Beach, New York, Singapore, Tokyo, London, Sydney, Munich, Hong Kong, and Toronto. The firm is a recognised expert on both the US and global bond markets. PIMCO has been a trendsetter in the fixed income market throughout our 35-year history. PIMCO was at the forefront in sectors like mortgage-backed securities and emerging market bonds. It remains at the forefront today, pioneering the use of innovative solutions for our clients, including portable alpha and absolute return strategies. PIMCO's global process enables us to identify and implement innovative products that consistently outperform the benchmark. Today, PIMCO has expertise and significant resources committed to virtually every sector of the global bond market. It uses the expertise that it has developed over 30 years managing bond portfolios to add value to the clients’ assets. PIMCO’s mission is to be the best fixed income manager in the world. The firm was founded on the philosophy that hard work and high standards of excellence were critical to our success. Its flat and focused management structure creates a shallow hierarchy enabling quick responses to an ever-changing external environment.

Information as of 31 December 2006